Ratlam-based Kataria industries to float Rs 54.5 cr IPO on July 16

Quick Summary:

The initial public offering (IPO) will be available for public subscription during July 16-19 and the bidding for anchor investors will open on July 15, the company said in a statement.

Ratlam-based Kataria Industries has fixed the price band at Rs 91 to Rs 96 per share for its Rs 54.58-crore initial public offering, the company said on Sunday.

The company proposes to utilise the net proceeds from the issue towards capital expenditure for plant and machinery, repayment of debt and general corporate purposes.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Manufacturing plants Alok Industries Kataria Industries Ltd Ratlam Registrar for the issue Interactive Financial Services Ltd Anchor Head Madhya Pradesh Machinery Manufacturing Lead manager General corporate purposes Retail investors

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News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-14 @ 22:51:58 (3 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 357 words

Reading Time: 2 minutes read

Sentences: 18 lines

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Copyright Owner: © Business Standard

News ID: 21612691

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